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The University of Texas at Austin - UT Austin

speciality: Accounting & Finance

4.3

What is an Accounting & Finance degree?

An Accounting & Finance degree focuses on the management of monetary resources available to an organization. Such a degree is aimed at students who want to pursue careers in investment analysis, management, banking, auditing, consulting and financial management. It teaches students how to assess the assets and liabilities of an organization financially and manage the financial risk of their activity.

Accounting & Finance covers the core areas of financial accounting, management accounting and finance but also includes other aspects of the business activity, such as financial management and control, corporate finance, company accounts, investment and business law. Optional module options provided by different universities around the world often allow students to specialize in a particular area such as auditing, taxation, etc.

Benefits of an Accounting & Finance degree

The completion of an Accounting & Finance degree comes along with numerous benefits. Students develop strong analytical, critical-thinking and problem-solving skills, which are highly demanded by employers in both the private and the public sector and result in graduates often finding employment in large multinational organizations that offer professional services such as PwC, KPMG and Deloitte. On top of that, established companies around the world offer excellent and well-structured graduate schemes, which help Accounting & Finance graduates to kick-start their careers.

Accounting & Finance degrees are mostly practically oriented. They allow students to put the knowledge and skills they acquire on a daily basis to practice through simulated and real-life business accounts management and work placement opportunities.

Most Accounting & Finance degrees are professionally accredited by professional bodies, such as ACCA, AIA, CIMA, ICAEW and CIPFA, which provides students with the opportunity to become chartered accountants. Students gain professional qualifications in accountancy, which eliminates the need for additional certifications after graduation.

Due to the nature of the Accounting & Finance Degree, which complements business-related subjects, students often have the opportunity to complete a joint honours degree.

Accounting & Finance Degree Structure

An Accounting & Finance degree’s duration varies depending on the country and degree level. In some countries, such as the United Kingdom, Bachelor’s degrees in Accounting & Finance can be completed in three years. However, universities also offer students the option to take a sandwich course, which allows them to undertake a year-long placement between their second and third year, which extends the course to four years. Four years is the regular time of completion of this degree in other countries, such as the United States.

The first year of a Bachelor’s degree in Accounting & Finance introduces the core principles of accounting and finance, including financial accounting, management accounting and finance as well as economics and business law. The second year’s focus is usually on managerial and business economics, financial control, corporate finance and company accounts, but optional modules might enable students to pursue their interests in other aspects of Accounting & Finance such as auditing or strategic business analysis. At this point, students studying at Higher Education Institutions in the UK could choose to take an industry placement in order to apply the theoretical concepts and the acquired knowledge to practice in the professional environment. The next stage of this degree is dedicated to further-developing students’ knowledge of financial and management accounting. Optional modules might enable students to specialize in a particular area of their choice such as auditing or taxation in some countries like the UK.

Masters’ degrees in Accounting & Finance usually take between 12 and 18 months to complete depending on the country that students choose for their studies. 

Research-based degrees, such as MPhil and PhD, can take anywhere between 1 and 7 years depending on the country and type of degree. MPhil degrees in Accounting & Finance in the UK usually take 12 months if it is studied full-time and 24 months for part-time studies. PhD degrees in the UK, on the other hand, take about 36 months to complete if studying full-time and 72 months for a part-time program. In the US, students may be required to dedicate between 4 and 7 years on their degree.

6 Student Reviews

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  • Accounting
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    A special place

    Despite its weak points, UT Austin holds a special place in my heart. The professors at this institution are unmatched in their excellence, and both the on-campus and off-campus student life offer a wide range of diversity and intriguing experiences. This university not only equips students to succeed professionally, but also empowers them to lead independent and accomplished lives.

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    Programme: Accounting
    Degree: Bachelor's
    Graduation: 2022
    Delivery Type: On Campus
    Campus: Austin, Texas
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  • Accounting
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    An exceptional institution

    UT Austin is an exceptional institution where the open curriculum provides the freedom to explore various subjects without being bound by specific requirements. The individuals at this school are truly remarkable, as both the professors and students are compassionate and captivating. Unlike other universities, the atmosphere at UT Austin is non-competitive, creating a fun and enjoyable environment. Students exude enthusiasm for learning and have a deep passion for the subjects they study.

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    Programme: Accounting
    Degree: Bachelor's
    Graduation: 2024
    Delivery Type: On Campus
    Campus: Austin, Texas
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  • Accounting
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    An exceptional institution

    UT Austin is an exceptional institution that predominantly serves a particular student demographic. The campus atmosphere is known for being highly liberal and forward-thinking, which may create an insular environment where it is challenging to engage with individuals holding contrasting viewpoints. However, it’s important to note that there is a multitude of external possibilities beyond the university campus, including outstanding job prospects for graduates.

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    Programme: Accounting
    Degree: Bachelor's
    Graduation: 2024
    Delivery Type: On Campus
    Campus: Austin, Texas
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  • Accounting and ...
    Auditing
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    A diversed Institution

    UT Austin is known for its diverse, dedicated, and innovative student community. Both students and professors are known for being inclusive and approachable. One of the most remarkable aspects of UT Austin is the abundance of student-led initiatives, where your peers are proactive and highly productive. This may be overwhelming for some, but it also serves as a source of inspiration. It guarantees that there is always an opportunity to enhance your education beyond the classroom, while also providing a supportive network of individuals to collaborate with.

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    Programme: Accounting and Auditing
    Degree: Master's
    Graduation: 2024
    Delivery Type: On Campus
    Campus: Austin, Texas
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  • Accounting
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    A very warm and academic environment

    UT Austin has a warm and academic environment that promotes a sense of belonging. With numerous programs and extracurricular activities available, you will never experience boredom. The campus boasts gorgeous surroundings, and the food surpasses expectations. The academic opportunities are outstanding, and the professors show genuine dedication to helping you succeed both personally and academically.

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    Programme: Accounting
    Degree: Bachelor's
    Graduation: 2024
    Delivery Type: On Campus
    Campus: Austin, Texas
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  • Accounting
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    The Application Process

    A lot of reviews that I have seen leave out a crucial point in the school, and that is the application process. The University of Texas at Austin can be applied through either their application app (ApplyTexas) or the Coalition App. I did my application process through ApplyTexas, not knowing what was to come. The application portal was definitely much more old-fashioned than other schools or even Common App. The portal had text boxes used on websites a decade ago, and applicants had to manually save every time they wanted to move to a different page or close out of the portal. However, even with these un-updated functions of the portal, it was well worth the work. The questions for the essays that had to be written allowed me to open up with my writing and express myself and my great interest in the university. Even though it was a lot of work having to write a lot more essays than the other schools that I had applied for, the University of Texas portal was certainly something I wouldn’t forget. I would definitely recommend a friend to apply to UT Austin if that friend was willing to work hard and do what is necessary at this university.

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    Programme: Accounting
    Degree: Bachelor's
    Graduation: 2026
    Delivery Type: On Campus
    Campus: Austin, Texas
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